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news-imageOctober 25, 2024

Crypto wrap: Bitcoin steady at $67K amid Ripple, Tether and Binance news

Crypto prices fluctuated heavily over the week as Bitcoin price swung to above $69K and back under $65K before regaining some ground to trade above $67K on Friday evening. Most altcoins swung sharply too, with meme coins seeing huge gains before paring them.
Publisher: Invezz
Sentiment: Neutral
BTC
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Positive
cover-imageNewsBTC
October 25, 2024

Bitcoin As National Reserve Asset: Key Insights From Forbes On Central Banks Interest

A recent report published by the Bitcoin Policy Institute (BPI) and highlighted by Forbes explores the growing discussion around Bitcoin as a viable reserve asset for central banks. Authored by Dr. Matthew Ferranti, a Harvard-trained economist and former member of the White House Council of Economic Advisers, presents several compelling arguments for why central banks might consider adding Bitcoin to their portfolios.

Negative
cover-imageCoingape
October 25, 2024

Ripple CEO Warns SEC's Appeal Win Could Drive US Crypto Firms Offshore

Ripple CEO Brad Garlinghouse has expressed concerns about the potential consequences for the crypto industry if the U.S. Securities and Exchange Commission (SEC) succeeds in its recent appeal. Speaking about the cross-appeal filed by Ripple, Garlinghouse highlighted the issue of whether an “investment contract” under the Securities Act requires an explicit agreement.

Positive
cover-imageBenzinga
October 25, 2024

Growing US Deficits Could Boost Bitcoin, Says Investment Guru — But Only Under One Condition

Lyn Alden, a renowned investment strategist, argues that the U.S. has entered a period of “fiscal dominance,” where government deficits are driving monetary policy — a change that could be bullish for Bitcoin (CRYPTO: BTC). In an appearance on the ‘Less Noise More Signal' podcast, Alden outlined her views on the current economic environment, the role of Bitcoin, and the challenges facing traditional financial systems.

Neutral
cover-imageCryptopolitan
October 25, 2024

Tether CEO Paolo Ardoino refutes claims of US investigation

Tether CEO Paolo Ardoino has denied allegations that the company is facing an investigation by the U.S government. This comes in response to a Wall Street Journal report on an alleged probe by U.S. authorities into Tether's involvement in sanction violations and anti-money laundering (AML) breaches.

Negative
cover-imageThe Currency Analytics
October 25, 2024

Ripple's CEO De-Banked: The Truth Behind the SEC Lawsuit and the Future of XRP

Ripple's CEO, Brad Garlinghouse, revealed that he has been de-banked by Citigroup Inc., a bank he's been associated with for 25 years. This shocking disclosure came during a recent discussion at DC Fintech Week, where Garlinghouse emphasized the broader implications of regulatory pressures on individuals and companies in the cryptocurrency space.

Negative
cover-imageNewsBTC
October 25, 2024

Tether Defends Its Record, Blasts WSJ For ‘Irresponsible Reporting'

In a recent report by the Wall Street Journal (WSJ), it was alleged that Tether is currently under federal investigation for potential violations related to sanctions and anti-money laundering (AML) regulations in the US. The inquiry, reportedly led by prosecutors from the Manhattan US Attorney's Office, is said to focus on whether Tether's stablecoin, USDT, has been used by third parties to finance illegal activities such as drug trafficking, terrorism, and hacking, or to launder the proceeds from these activities.

Negative
cover-imageBenzinga
October 25, 2024

Bitcoin, Ethereum, Dogecoin 'Chopfest' Begins As Weekend Nears, Traders Warn

Cryptocurrency markets are trading lower despite whale transactions rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,789.25 -1.9% Ethereum (CRYPTO: ETH) $2,471.40 -2.5% Solana (CRYPTO: SOL) $167.86 -5.4% Dogecoin (CRYPTO: DOGE) $0.134 -5.6% Shiba Inu (CRYPTO: SHIB) $0.00001721 -3.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 12.5% and daily active addresses dropping by 6.3%.

Negative
cover-imageBenzinga
October 25, 2024

Federal Probe Into Tether Examines Potential Sanctions And Money-Laundering Breaches: WSJ

U.S. federal authorities are currently examining stablecoin issuer Tether (CRYPTO: USDT) for potential infractions of U.S. sanctions and anti-money-laundering regulations, according to a report. What Happened: This inquiry, conducted by the Manhattan U.S. Attorney's Office, is investigating possible misuse of Tether's stablecoin in activities like drug trafficking, terrorism financing, and laundering proceeds from these illicit actions, The Wall Street Journal reported.

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